Bengal

A new airport built on a greenfield site in Andal, Bengal is due to start operations this month. It proclaims itself to be ‘India’s first airport-city project’. Partha Ghosh, Managing Director of the develop of the project, Bengal Aerotropolis Pvt Ltd (BAPL) is reported to be ‘bullish’ about the new airport’s prospects for attracting low cost airlines – and this will be helped by tax breaks offered by the West Bengal government. But even with this subsidy the airport does not expect to sufficient earnings from airline parking and landing fees. The article states that ‘the profitability of the project clearly hinges on the city-side development’ and the airport anticipates earning revenue from real estate, from residential, commercial and industrial development on land owned by the airport. Read the full article in the Hindu Businesses Line: Greenfield private airport set for takeoff